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$842,000
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Property Description
Welcome to 8216 Nolte Avenue, an extraordinary investment opportunity located in one of Silver Spring's most desirable neighborhoods. A rare find in today's market, this fully detached, all-brick Colonial is a four-unit multifamily building situated on a coveted corner lot-positioned to command both exceptional attention and value. This property is an investor's dream, offering immediate cash flow and unmatched potential for those looking to maximize returns in one of Montgomery County's most sought-after areas. With each of the four units in a single legal structure, the building streamlines ownership, simplifying management and maximizing operational efficiency. Best of all - there is NO HOA, offering complete freedom and flexibility for owners without the burden of additional monthly fees or restrictions. Having undergone recent upgrades, including brand new carpet, fresh padding, and tacks-this property is move-in ready for tenants or positioned for minimal capital improvements, giving you the freedom to scale quickly. Beyond its impeccable structure, the corner lot delivers a generous backyard with mature trees, adding a rare outdoor oasis in a multifamily property. Whether for tenant enjoyment or future development potential (subject to zoning approvals), the spacious lot offers multiple opportunities for value creation. Strategically located just moments from downtown Silver Spring, this property is perfectly positioned to benefit from the area's strong rental demand, access to the Metro, and proximity to the DC line. The location is not only ideal for tenants but ensures steady long-term appreciation in a fast-growing market. This income-generating asset is being offered strictly as-is, giving the discerning investor the opportunity to add their personal touch or leverage the building's existing high-quality fundamentals for maximum returns. An opportunity like this doesn't come often-take advantage of this corner lot gem in one of the DMV's hottest real estate markets.
Full Property Details
Full Property Details for 8216 Nolte Ave
General
- Sold For: $842,000
- Taxes: $9,535 (2024)
- Status: Closed
- Type: Multi-Family
- Source: BrightMLSMidAtlantic
- MLS ID: MDMC2178764
- Added to Site: 258 day(s) ago
Interior
- Interior Features: Kitchen - Galley
Parking
- Parking Type: None
Location
- County: MONTGOMERY
- Subdivision: BLAIR
- Building Name: 8216 NOLTE
- Driving Directions: From Washington, DC: Take 16th Street NW north toward Maryland. Continue straight as it becomes Georgia Avenue (MD-97). Turn right onto Seminary Road. Drive approximately 1 mile, then turn right onto Nolte Avenue. Property will be on your left. From Maryland (I-495/Beltway): Take Exit 31 for MD-97/Georgia Avenue toward Silver Spring. Head south on Georgia Ave. Turn left onto Seminary Road. Continue for about 1 mile, then turn right onto Nolte Avenue. Home will be on your left. From Virginia (Tysons Corner/McLean): Take I-495 North across the American Legion Bridge. Continue on I-495 to Exit 31 for MD-97/Georgia Avenue toward Silver Spring. Head south on Georgia Ave. Turn left onto Seminary Road. After about 1 mile, turn right onto Nolte Avenue. Property is on the left.
School Information
- School District: Montgomery County Public Schools
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Natural Gas
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Other
- Structure Type: Other
- Construction: Brick
- Basement: Yes
- Basement Entrance: Yes
- Basement Desc.: Side Entrance, Walkout Stairs
- Roof: Asphalt
- Sq. Ft. Source: Estimated
- Year Built: 1943
- Year Built Source: Estimated
Lot Features
- Lot Size (Acres): 0.26
- Lot Size (Sq. Ft.): 11,143
- Lot Size Source: Estimated
- Zoning: R10
Financial Considerations
- Assessment Year: 2025
- City/TownTax Freq: Annually
- County Tax: $8,137
- County Tax Freq: Annually
- Tax w/Assessment: $731,933
- Tax Amount: $9,535
- Tax Year: 2024
- Terms: Standard Sale
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: P12
Listed by United Real Estate, Alexi Faraco Jr.
Sold by NextHome Millennium Realty, Myrtis Brown
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Schools
Schools serving 8216 Nolte Ave
School District:Montgomery County Public Schools, Gaithersburg, MD
| Name | Grades | Distance |
|---|---|---|
East Silver Spring Elementary School 631 Silver Spring Avenue, Silver Spring, MD 20910 | PK-5 | 0.1 mi |
Takoma Park Middle School 7611 Piney Branch Rd, Silver Spring, MD 20910 | 6-8 | 0.6 mi |
Montgomery Blair High School 51 University Boulevard East, Silver Spring, MD 20901 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8216 Nolte Ave
Date
Details
Price
Change
Source
11/20/2025
Sold
$842,000
2.06%
MLS
5/02/2025
Listed
$825,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8216 Nolte Avenue, Silver Spring, MD 20910 (MLS# MDMC2178764) is a Multi-Family property that was sold at $842,000 on November 20, 2025. Want to learn more about 8216 Nolte Avenue? Do you have questions about finding other Multi-Family real estate for sale in Silver Spring? You can browse all Silver Spring real estate or contact a Coldwell Banker agent to request more information.

